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New York Community Bancorp Inc. Message Board

  • boatman88 boatman88 May 8, 2012 8:28 AM Flag

    Divi Cut

    Have held for a couple of years and ready to add more. There was some talk earlier of a divi cut to bolster reserves. Any insight on this risk? I am surprised that S&P rates it a sell.

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    • NYB continues to expand/grow internally by external acquisition of sub-par banks and valuable assets...the primary revenue generators for the bank look to keep the dividend at it's current $1.00 level for the foreseeable future...even during the worst of the crisis over the last 4-5 years there was never any cuts...and we have improved quite a bit on our internals since dividend 'cut-mongers' keep we the loyal and longterm shareholders enjoy our buck a year...not bad in this environment and then when we actually begin to climb out of this very low interest rate environment(s) strong share growth may ensue for the common...and dividend increases too...

    • blair.wagner May 9, 2012 8:55 AM Flag

      From now till the next dividend
      declaration you will be hearing
      talk about a dividend cut.
      If it did happen,do not think it will, would not be the end of the
      What is important is that they
      manage well what they have and
      acquire more assets at good prices.
      Banks usually are brought out at
      twice book,long term that is
      what I am looking for. In the
      mean time collect what you can
      and buy on market set backs.

    • I'm not worried about any inevitable dividend cut by NYB. After all, most of its assets are attached to its Roslyn Bank division which has large exposure to Queens, NY and Long Island homeowners ,many who are underwater with their Roslyn mortgages due to a 40% ++ real estate meltdown in Queens/Long Island since the housing bubble burst. Astoria Federal (AF)who also has high exposure to the Queens/Long Island housing market just announced they were slashing their cash dividend and AF stock held its own following the dividend cut.

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